Cedar Terrace, Leeds 3 bed terraced house for sale

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Cedar Terrace, Leeds 3 bed terraced house for sale

Cedar Terrace, Leeds LS12
£229,500

Our Summary

  • *** terrace property split into 3 self contained apartments *** fantastic investment opportunity *** long established flats *** Stoneacre Properties are pleased to present to market this fantastic ready made investment opportunity of 3 self contained apartments offering a gross return of 9%
  • Potential to increase the rental to Leeds City Council one bed rate to £675pcm x3

Description

This is a fantastic investment opportunity in a long-established property comprising three self-contained apartments. The property is located with great access to Leeds City Centre and offers a gross return of 9%. The apartments feature open-plan kitchen/living rooms, double bedrooms, and bathrooms with showers. The current rental yield is £20,580 per annum, broken down into £575, £590, and £550 per month for each flat. There is also potential to increase the rental income to £675 per month per flat, resulting in a total potential rental income of £20,250 per annum. This is a great opportunity for investors looking to generate a steady income.